Correction to: The consequences of coronavirus outbreak on commodity markets

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Correction to: The consequences of coronavirus outbreak on commodity markets Himadri Rajput1 · Rahil Changotra1 · Prachi Rajput2 · Sneha Gautam3 · Anjani R. K. Gollakota4 · Amarpreet Singh Arora5 

© Springer Nature B.V. 2020

Correction to: Environment, Development and Sustainability https​://doi.org/10.1007/s1066​8-020-00934​-4 1. Unfortunately, the authors have missed the addition of source of Table 1. We apologize for our mistake.   The source of Table 1 is provided below. 2. There is change in the title of manuscript as it coincides with the title of World Bank report, 2020. We apologize for our mistake   The title has been modified to:   The consequences of Coronavirus outbreak on commodity markets.

The original article can be found online at https​://doi.org/10.1007/s1066​8-020-00934​-4. * Sneha Gautam [email protected] * Amarpreet Singh Arora [email protected] 1

School of Energy and Environment, Thapar Institute of Engineering and Technology, Patiala 147004, India

2

Central Scientific Instruments Organization, Sector 30C, Chandigarh 160030, India

3

Karunya Institute of Technology and Sciences, Coimbatore, Tamil Nadu 641114, India

4

Department of Safety, Health & Environmental Engineering, National Yunlin University of Science and Technology, Douliou 64002, Yunlin, Taiwan, ROC

5

School of Chemical Engineering, Yeungnam University, Gyeongsan 38541, South Korea



13

Vol.:(0123456789)

13 35 1.6

 (q/q) = quarter by quarter

d

 Average of wheat, corn, and soybean price

 (y/y) = year by year

c

b

 Price index, as “100”, calculated by the ratio of nominal GDP to real GDP

a

51 1.392

42 1.59

79 84 74 88 80 89 98 79 76 71 119 1 0.5

1.9 4.1 5.1 4.9 7.2 0.8 6 1.2 −7 − 1.8 0.7

1.7

68 1.269

78 82 72 87 78 88 97 77 73 68 119

54

53 1.258

76

82 83 76 87 77 89 98 78 8 78 105

45

87

85 87 79 90 85 89 99 81 82 83 97

68

84 87 83 90 87 81 102 81 74 78 98

Energy

− 18.7 6.9

− 0.7 1.2 − 0.9 1.5 3.1 4.4 − 2.5 1.6 − 4.5 − 4.7 5.4

− 18.4

2020Q1

Non-energy Agricultured Beverages Food Oil and meals Grains Other food Raw materials Fertilizers Metals and minerals Precious metals Memorandum items Crude oil (USD/bbl) Gold (USD/toz)

2021

2019Q4

2020

2018

2017

2019

Change % (q/q)b

Price indexes (2010 = 100)a

Table 1  The nominal price indexes and forecast revision. Source: Commodity Markets Outlook, World Bank (2020)

− 43 14.9

− 5.1 − 1.1 − 5.3 − 0.5 0.1 − 1.5 − 0.4 − 0.8 − 9.9 − 13.2 13.2

− 40.3

2020

20 − 0.6

2.5 1.8 2.3 1.9 2.7 1.8 0.9 1.6 3.1 4 − 0.3

18.9

2021

Change % (y/y)c

− 37.5 9.3

− 4.6 − 0.9 − 4.4 − 1.2 − 1.8 − 1.6 0 − 5.3 − 12.9 − 11.6 7.7

− 35.1

2020

18.1 0.6

0.9 − 0.1 0.2 2.1 5.2 0.4 0.2 0.3 1 2.9 0.7

17.1

2021

Forecast revisions

H. Rajput et al.

Correction to: The consequences of coronavirus outbreak on…

Reference Commodity Outlook (2020) A shock like no other: the impact of COVID-19 on commodity markets. Deutsche Bank AG, Frankfurt: Corporate Bank. Publisher’s Note  Springer Nature remains neutral with regard to jurisdictional claims in pu